Cuba Subsidizes Home Materials for Sandy Victims

Friday, 09 Nov 2012 06:17 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

HAVANA — The Cuban government will offer subsidies and loans to help islanders rebuild the more than 200,000 homes damaged by Hurricane Sandy, official newspapers said Thursday.

Beginning next week Cubans affected by Sandy can buy building materials at half-price, according to an official notice published by the Communist Party daily Granma and other papers.

Residents of the eastern provinces of Guantanamo, Holguin, and Santiago can also seek bank credits to rebuild, and those who lack sufficient income can apply for further subsidies up to the entire cost of the materials.

"The government made the decision for the budget of the State to establish a subsidy of 50 percent of the current prices for construction materials that will be sold to families whose homes were totally or partially destroyed," the notice read.

Sandy hit the island near the eastern city of Santiago on Oct. 25 as a category 2 hurricane, killing 11 people, crumbling homes, tearing off rooftops, toppling utility poles and knocking out power to hundreds of thousands of people.

There has been no concrete figure on economic losses, but officials have said 226,000 homes were damaged and have talked about multimillion-dollar hits to crops, industry, hospitals, and schools.

Earlier this week the U.N.'s World Food Program said Sandy could be the most devastating storm to hit that part of Cuba in at least a half-century, and announced a food aid program to provide a month's worth of rations to 500,000 people.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Nicaragua Breaks Ground on Historic Canal Project

Monday, 22 Dec 2014 14:59 PM

 . . .

John Kerry to Cuba: 'Tear Down The Digital Wall'

Monday, 22 Dec 2014 12:12 PM

Secretary of State John Kerry issued a challenge to Cuba to "tear down the digital wall," evoking former President Ronal . . .

US Officers Shoot Canadian Man on Border Bridge

Sunday, 21 Dec 2014 21:28 PM

US officers shot and wounded a Canadian man early Sunday as he crossed a border bridge into the United States while wavi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved